Randy Ban - 09 Feb 2024 Form 4 Insider Report for Inspire Medical Systems, Inc. (INSP)

Role
Chief Commercial Officer
Signature
/s/ Bryan Phillips, Attorney-in-Fact for Randy Ban
Issuer symbol
INSP
Transactions as of
09 Feb 2024
Net transactions value
$0
Form type
4
Filing time
13 Feb 2024, 21:49:53 UTC
Previous filing
03 Mar 2023
Next filing
27 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INSP Common Stock Award $0 +2,694 +804% $0.000000 3,029 09 Feb 2024 Direct F1, F2
holding INSP Common Stock 167 09 Feb 2024 By son
holding INSP Common Stock 166 09 Feb 2024 By daughter

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INSP Employee Stock Option (Right to Buy) Award $0 +4,376 $0.000000 4,376 09 Feb 2024 Common Stock 4,376 $194.87 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units, which vests in three equal annual installments commencing on February 9, 2025. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock, subject to the Reporting Person's continuous employment with the Issuer through the relevant vesting dates.
F2 Includes (i) 14 shares acquired under the Issuer's 2018 Employee Stock Purchase Plan (the "Plan") on June 30, 2023 and (ii) 17 shares acquired under the Plan on December 31, 2023.
F3 The option vests and becomes exercisable as to 25% of the underlying shares on February 9, 2025. The remaining 75% of the underlying shares will vest and become exercisable in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous employment with the Issuer through the relevant vesting dates.